07/03/2012 10:22 AST
The MSM30 index ended on a flat note and was marginally down by 0.07 per cent to close at 5864.98 points. Al Anwar Holding was the most active in terms of volume, while SMN Power was the most active in terms of turnover.
Gulf International Chemicals was the top gainer for the day to close up by 6.49 per cent, while Muscat Thread Mills lost the most and was down by 3.40 per cent.
A total number of 2,141 trades were executed in yesterday’s trading session generating turnover of RO8.28 million with over 31.87 million shares of trading volume.
The market breadth was in favour of advancers. Out of 56 traded stocks, 20 declined, 21 advanced and 15 remained unchanged. Gulf Cooperation Council (GCC) and Arab investors were net buyers for RO98,000 followed by Omani investors for RO25,000 worth of shares, while foreign investors switched to net sellers for RO73,000.
Banking and Investment Index was marginally down by 0.09 per cent and closed at 6645.73 points. Al Anwar Holding, Oman& Emirates, ONIC Holding, Al Sharqia Investment and DIDIC increased by 5.04 per cent, 3.74 per cent, 2.84 per cent, 0.98 per cent and 0.66 per cent, respectively. Global Investment, DBIH, Transgulf Holding, Gulf Investment Services, Bank Dhofar and Oman Holding International declined by 2.86 per cent, 2.63 per cent, 2.56 per cent, 1.37 per cent, 1.27 per cent and 0.87 per cent, respectively.
The Industrial Sector Index closed at 6412.24 points, up by 0.66 per cent. Gulf International Chemicals, Construction Material Industries, Oman Cable Industry, Galfar Engineering, Al Hassan Engineering and Raysut Cement increased by 6.49 per cent, 2.44 per cent, 1.67 per cent, 1.55 per cent, 1.14 per cent and 1.14 per cent, respectively. Muscat Thread Mills, Oman Flour Mills, National Mineral Water, Jazeera Steel Product and Al Anwar Ceramic declined by 3.40 per cent, 3.01 per cent and 2.08 per cent, respectively.
Services & Insurance Sector Index was marginally up by 0.06 per cent to close at 2712.37 points. Al Jazeera Services, ACWA Power Barka, United Power and Renaissance Services increased by 2.17 per cent, 1.35 per cent, 1.31 per cent and 0.16 per cent, respectively. Port Service Corp and Oman National Engineering declined by 0.97 per cent and 0.79 per cent, respectively.
Dubai bourse falls
Dubai’s benchmark stock index retreated the most in more than a year, led by Arabtec Holding Co., to become the world’s worst-performer amid speculation this year’s rally was overdone.
Arabtec, the biggest construction company in the United Arab Emirates that surged 104 per cent so far this year, slumped 7.1 per cent. Dubai Financial Market PJSC, the only publicly traded Gulf Arab stock market, declined the most since January.
The DFM General Index fell 3.7 per cent, the most since February 2011 and the worst among 93 global indexes tracked by Bloomberg, to 1,689.18 at close in the emirate.
“Investors are booking some of their profits on the Dubai Financial Market after a series of good performance,” said Samer Darwiche, a Dubai-based analyst at Gulfmena Investments.
Dubai’s stocks have soared 25 per cent so far this year after companies reported improved earnings and dividends. That compares to a 7.7 per cent increase in the Bloomberg GCC 200 Index.
Bloomberg
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